BANK OF MONTREAL /CAN/

Bank of Montreal issues Exchange-Traded Notes (ETNs) that provide leveraged inverse exposure to equity market indices. The NRGD ticker represents senior unsecured medium-term notes with a structure delivering three times leveraged inverse participation in an underlying index, compounded on a daily basis. Returns are reduced by daily investor fees and applicable redemption fees, with potential adjustments for daily interest payments. This product is designed for investors seeking bearish or hedging strategies with amplified downside participation.

As a Canadian bank incorporated in Ontario and listed on the NYSE, Bank of Montreal operates across multiple financial services segments including retail banking, commercial banking, and investment banking, serving customers across North America and internationally. The bank maintains a significant employee base and generates revenues across deposit-taking, lending, wealth management, and capital markets activities. The ETN offering represents a specialized investment product within the bank's broader financial services portfolio, targeting sophisticated investors who utilize derivative instruments for tactical positioning or portfolio hedging purposes.